Friday, April 14, 2017

Report: Health Insurance Does Not Fully Protect Against Financial Pain From Cancer

"Having insurance is no guarantee against the financial pain of cancer.
A new report from the American Cancer Society Cancer Action Network highlights the problem.
It finds even people with health insurance face stiff out-of-pocket costs. These can include high deductibles, co-pays and payments for out-of-network care.
Nationwide in 2014, Americans had to cough up $4 billion in out-of-pocket costs for cancer treatment.
The network's senior policy analyst and author of the report, Jennifer Singleterry, said cancer patients often face what is called “financial toxicity.”


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